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KIZAD partners with Shrinath Flexipack to build AED 55m factory

KIZAD partners with Shrinath Flexipack to build AED 55m factory
The new factory will be built in KIZAD’s polymers park

UAE – Mubasher: Khalifa Industrial Zone in Abu Dhabi (KIZAD) has signed an agreement with India's Shrinath Flexipack to establish the Indian company's first factory in the Middle East with investments of AED 55 million, the Emirates News Agency (WAM) reported on Sunday.

To be built in KIZAD’s polymers park, the packaging factory will produce 30,000 metric tonnes of plastics per year, which will contribute to enhancing the Shrinath Flexipack's services provided to its customers in the region.

The new factory is expected to use the ultra-modern European production lines to manufacture plastic packaging materials and expand its businesses in the African and European markets.